Viridian Space is a technology company.
Viridian Space has raised $520K across 1 funding round.
Viridian Space has raised $520K in total across 1 funding round.
Viridian Space has raised $520K in total across 1 funding round.
Viridian Space's investors include Crosslink Capital, E14 Fund, Gaingels, Northpond Ventures.
Viridian Space Corporation develops Air-Breathing Electric Propulsion (ABEP) systems, also called Air-Scooping Electric Thruster (ASET), enabling satellites to operate in Very Low Earth Orbit (VLEO) at 200-300 km by scooping atmospheric gas for propellant instead of carrying fuel[1][2][4][5]. This solves the drag challenge in VLEO, serving Earth Observation (EO), communication payloads, and satellite operators needing sustained low-orbit flight, superior image resolution, and broadband quality without frequent refueling or deorbiting[1][2][4]. The company has raised $2M in convertible note funding, participated in accelerators like Generation Space, and secured SBIR Phase I grants from NSF and DoD for prototype development and system analysis[1][2][3].
Early traction includes a demonstrated air-scoop prototype, oxygen-compatible Hall thruster, and a patent-pending turbomolecular air-scoop, positioning Viridian for growth in sustainable space tech amid rising satellite constellations[1][2][3][4].
Founded in 2021 in California (El Segundo/Culver City area), Viridian emerged from founders Rostislav Spektor and Matthew Feldman, both Princeton PhD alumni with deep expertise in plasma propulsion[1][3]. Spektor managed the Electric Propulsion Lab at The Aerospace Corporation for 17 years after his PhD; Feldman specializes in advanced plasma physics and numerical modeling[1]. The idea builds on 1960s concepts for VLEO propulsion, revived by their prototypes addressing prior failures in air ingestion and oxygen-resistant thrusters[2][4]. Pivotal early moments include SBIR-funded Phase I in 2024 for parametric analysis comparing ABEP to xenon systems, plus accelerator participation and $2M from VU Venture Partners and Venture University[1][2][3].
Viridian rides the VLEO trend in the proliferating "new space economy," where denser satellite constellations demand higher-resolution EO (e.g., sub-meter imagery) and low-latency broadband, unfeasible in higher orbits due to atmospheric distortion[2][4]. Timing aligns with mega-constellations like Starlink and rising debris concerns; ABEP counters market forces like propellant scarcity and launch costs by enabling "propellantless" ops, cutting lifetime expenses, and supporting sustainability via easier deorbiting[1][2][4]. It influences the ecosystem by partnering with platforms for propulsion upgrades, accelerating VLEO adoption for DoD (AFRL/SSC customers), commercial EO/comms, and cleanup missions[2][4].
Viridian's ABEP could redefine satellite longevity and accessibility, with near-term milestones like full RF cathode integration, Phase II SBIR prototypes, and commercial deals for ASET systems[2][4]. Trends like AI-driven EO, 5G/6G satcom, and orbital sustainability will propel it, potentially expanding to inter-satellite refueling amid 100,000+ planned launches. Influence may grow via DoD contracts and accelerators, evolving from stealth startup to VLEO enabler—supercharging sustainable access to "the edge of space" as pioneered since the 1960s[1][3][4].
Viridian Space has raised $520K across 1 funding round. Most recently, it raised $520K Seed in November 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2025 | $520K Seed | Crosslink Capital, E14 Fund, Gaingels, Northpond Ventures |